Google Cuts Another 1,200 Jobs at Motorola

It follows 4,000 layoffs at the company last summer

Mar 8, 2013, 9:45 am EDT | By Christopher Freeburn, InvestorPlace Writer

Another round of pink slips is going out at Google‘s (NASDAQ:GOOG) Motorola unit.

The mobile device maker will shed 1,200 workers under the latest round of job cuts. Google purchased Motorola in 2012 for $12.4 billion, mainly to acquire the company’s portfolio of technology patents, the Associated Press noted.

Since the takeover, Google has struggled to turnaround Motorola’s operations and integrate the company with its other businesses. Operating losses at Motorola have hit $1.1 billion since the acquisition was finalized.

Late last year, Google sold the company’s set-top box business to Arris Group (NASDAQ:ARRS), in a deal worth $2.35 billion. Roughly 7,000 Motorola workers are employed in the set-top box unit.

In June, Google said it would slash Motorola’s payroll by 4,000 workers.

Shares of Google slipped fractionally in Friday morning trading.

Article printed from InvestorPlace Media, http://investorplace.com/2013/03/google-cuts-another-1200-jobs-at-motorola/.